The Greatest depression is coming, are you ready?

[iamsoandso]

Let's pray that this does not happen to you bro.....

I'm more worried about my wife. It's a difficult thing to to be in a position where I am too old to provide for her,,although I did work and and pay my SS tax and do that very thing. It's meaningless though to those politicians because they will still get their checks even if they default.

 

[Billyd]

I support an amendment that requires Congress to submit a balanced budget to POTUS on or before the first day of the third quarter of the fiscal year, and POTUS must sign into law a balanced budget within seven days of the Congressional submission. If they fail to do this, an automatic election for every member of Congress, and the President no later than first day of the fourth quarter of the fiscal year.

The amendment will also restrict any increase in the total budget amount to actual increase in the working public.

 

[ZNP]

Artificial intelligence expected to hit like a 'freight train' - Energy CEO

 

[iamsoandso]

I support an amendment that requires Congress to submit a balanced budget to POTUS on or before the first day of the third quarter of the fiscal year, and POTUS must sign into law a balanced budget within seven days of the Congressional submission. If they fail to do this, an automatic election for every member of Congress, and the President no later than first day of the fourth quarter of the fiscal year.

The amendment will also restrict any increase in the total budget amount to actual increase in the working public.

I agree something needs to be done about over spending. The thing is the budget doesnt need to be cut only when the POTUS is a Democrat it needs to be balanced regardless of who the POTUS is or which party is in power. Which brings up the question,, did they pass the budget when Trump/Republicans were in charge without any cuts? https://www.verifythis.com/article/...rump/536-af9c015c-4ab5-43d0-a750-b28a147a5fd0

 

[Billyd]

How much of the spending from 2020 until today was off budget (called emergency)?

 

[iamsoandso]

How much of the spending from 2020 until today was off budget (called emergency)?

All the Covid relief packages and programs https://en.wikipedia.org/wiki/CARES_Act and go figure the vast majority is considered socialism because it falls under the welfare program https://www.ssa.gov/history/aja964.html

 

[iamsoandso]

Here's another one https://en.wikipedia.org/wiki/Coron...esponse_Supplemental_Appropriations_Act,_2020

 

[iamsoandso]

And here's another one https://en.wikipedia.org/wiki/Families_First_Coronavirus_Response_Act

 

[iamsoandso]

Here's yet another one https://en.wikipedia.org/wiki/HEALS_Act

 

[iamsoandso]

And another one https://en.wikipedia.org/wiki/Paycheck_Protection_Program

 

[iamsoandso]

And another one https://en.wikipedia.org/wiki/Operation_Warp_Speed

 

[iamsoandso]

Here's a whole list of stuff we need to pass the budget to pay for but if you work yourself back to 2016 you'll find more stuff we need to pay for https://en.wikipedia.org/wiki/List_of_acts_of_the_116th_United_States_Congress

 

[Billyd]

What percentage of the covid19 relief spending moneys were actually necessary? Where did the funds come from? How should we pay them back.

How much of today's inflation is directly tied to covid19 excess spending?

 

[RaceRunner]

What percentage of the covid19 relief spending moneys were actually necessary? Where did the funds come from? How should we pay them back.

How much of today's inflation is directly tied to covid19 excess spending?

Computer digits in the bank are not real money; this whole economy is an illusion based on confidence.

 

[iamsoandso]

lol, Yep look on the bright side if you divide a million dollars by 20 years that's 50,000.00. So if a person works for 20 years and makes 50,000.00 a year then by the time they retire they can tell everyone that they made a million dollars but because of inflation they lived in a trailer park. https://dividedby.org/one-million-divided-by-20

 

[ZNP]

Computer digits in the bank are not real money; this whole economy is an illusion based on confidence.

Not entirely, it used to be gold standard and we built up a very big economy, we then switched to Fiat, that is like releasing a glider plane at 30,000 feet, yes, no engine and will not fly forever, but with an updraft here and there you can fly for a lot longer than you would expect. But we have been losing altitude for the last fifty years. That is why we lost our manufacturing industry. It was proof that our standard of living was disconnected from reality. But our debt has increased steadily, this is like the weight that this glider has to carry is increasing. The recent inflation is proof that we are losing altitude fast, the recession is proof that the glider is stalling, a whole lot more serious if you don't have an engine. 60% of the world's economy switching to BRICS is people with parachutes jumping out of the plane.

 

[iamsoandso]

Not entirely, it used to be gold standard and we built up a very big economy, we then switched to Fiat, that is like releasing a glider plane at 30,000 feet, yes, no engine and will not fly forever, but with an updraft here and there you can fly for a lot longer than you would expect. But we have been losing altitude for the last fifty years. That is why we lost our manufacturing industry. It was proof that our standard of living was disconnected from reality. But our debt has increased steadily, this is like the weight that this glider has to carry is increasing. The recent inflation is proof that we are losing altitude fast, the recession is proof that the glider is stalling, a whole lot more serious if you don't have an engine. 60% of the world's economy switching to BRICS is people with parachutes jumping out of the plane.

Yep when Nixon and the Republicans decided to suspend US convertibility to gold and converted us to fiat money back in 1971 I thought "man they really better hope all their supporters have a short term memory".... https://en.wikipedia.org/wiki/Fiat_money It is good that you see their really big boo boo though.

 

[ZNP]

 

[ZNP]

 

[ZNP]

Harvest in Kansas looks grim, Wheat Tour says